Impact of Working Capital Management on Firms’ Performance.
Net Working Capital (NWC) is the difference between a company's current assets (net of cash) and current liabilities (net of debt) on its balance sheet. It is a measure of a company’s liquidity and its ability to meet short-term obligations as well as fund operations of the business. The ideal position is to.
Working capital management is an integral part of the financial management of a company because many short-term activities have effects on long-term financial decisions. Having an effective short-term financial strategy, for example, allows a company to plan ahead with the confidence that its short-term concerns are being handled properly. Perhaps unlike other areas of finance, short-term.
A survey of venture capital research Marco Da Rin, Thomas F. Hellmann, and Manju Puri NBER Working Paper No. 17523 October 2011 JEL No. G21,G23,G24 ABSTRACT This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking.
Working papers The ECGI Working Paper series is a repository of academic research papers produced by ECGI Research members consisting of highly qualified and renowned academics from across the globe. The series is managed by a team of ECGI Editors and the papers focus on Corporate Governance topics in both Law and Finance fields.
NBER Working Papers have not undergone the review accorded official NBER publications; in particular, they have not been submitted for approval by the Board of directors. They are intended to make results of NBER research available to other economists in preliminary form to encourage discussion and suggestions for revision before publication. National Bureau of Economic Research, 1050.
N2 - This paper investigates the approach of small- to medium-sized Mauritian manufacturing firms to working capital finance using a survey-based approach and case studies. Financing has been cited as one of the most common problems faced by SMEs and is often viewed as one of their main barriers to growth. Using parametric and nonparametric techniques, the important variables that affect the.
This study investigates the influence of working capital management on firms' profitability under different business cycles in 65 non-financial firms listed on Karachi stock exchange of Pakistan by using the annual panel data for 10 years from the period of 2004 to 2013. We use Pedroni panel co-integration and Kao residual panel co-integration approaches to confirm the valid long run.